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October stock market CRASH 08

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Kilt2 View Drop Down
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    Posted: September 28 2008 at 1:01am
Its been a black September for world markets and I fear its just a warm up for October.
 
It's usually October when stock markets Crash.
 
This global slump began when Wall Street hit its peak of 14,168 on 9th October 2007. Since then its been falling and falling and falling.
 
Now they are waking up to the fact that the Emperor has no clothes.
 
The Countdown for October begins NOW
And I looked, and behold a pale horse: and his name that sat on him was Death, and Hell followed with him.
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LaRo View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LaRo Quote  Post ReplyReply Direct Link To This Post Posted: September 28 2008 at 10:07am
We still have a week.  If the bailout of Goldman Sacks is approved, it should give us at least 7 days until the next crisis hits the financial market.  After October 1, all bets are off.  I also believe something bad is headed our way during the first two weeks of Oct..  Oct 7th is the  big day.
r we there yet?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: September 28 2008 at 12:24pm
I thought I'd find you two here :)
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Post Options Post Options   Thanks (0) Thanks(0)   Quote MelodyAtHome Quote  Post ReplyReply Direct Link To This Post Posted: September 28 2008 at 9:39pm
La Ro I think you are right about 7 days after they vote on this bailout until next crisis in the financial market...but I was wondering what you meant and why you think by this...
*************************************************************************I also believe something bad is headed our way during the first two weeks of Oct..  Oct 7th is the  big day. ***************************************************************
Thanks
 
Melody
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http://emergencypreparedness911.blogspot.com/
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: September 28 2008 at 10:33pm
while it's true that some stocks may fall, when they do there is another frenzy to buy them and they go back up.  Stock I have held has gone down to 30.00 twice over the years and
then soared back up. 

Mostly with blue chip/large cap this happens...stocks with very old and well run companies...jnj, pg etc...   I would sell a little in order to buy back at a lower price, to make a profit, many will do that.  The key is not to sell too much as it is difficult to time the market, for us greener types.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote coyote Quote  Post ReplyReply Direct Link To This Post Posted: September 29 2008 at 3:06am
Bad moon arising...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LaRo Quote  Post ReplyReply Direct Link To This Post Posted: September 29 2008 at 3:06am
Melody, just what i read on the internet, some think we will have a terrorist attack, could be financial, could be bombs. 

October is usually bad for the financials.  We have trillions of dollars worth of dirivatives out there, aroud 1000 trillion dollars worth and there is no way to attatch a value to them.  Banks are holding them and can't sell any.

The bail out will bail our a few but not all. 

The fed and treasury could buy all, with funny money but if they do, the dollar will become worthless.  Inflation will be out of hand and we sink into a depression.

The bail out is "much adu about nothing,"  it won't do the trick.  It's going to put some money into the pockets of the bankers and insure their "golden parachutes".  The banks lending to each other or to you and I will not happen.
r we there yet?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote coyote Quote  Post ReplyReply Direct Link To This Post Posted: September 29 2008 at 3:12am
Agree Laro, I been hearing that to.. something is in the air & it doesn't smell good.It's a ideal time for a terror attack against us...It would be the final straw that breaks our back. Market crash / attacking Iran a great possibility also..
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Post Options Post Options   Thanks (0) Thanks(0)   Quote coyote Quote  Post ReplyReply Direct Link To This Post Posted: September 29 2008 at 7:02am
Wall Street drops at open
Stocks slipped at the opening bell today as Congress prepared to vote on a $700 billion bailout plan for the finance industry. The Dow was down more than 300 points in early trading. CNNMoney reports traders also are wary after a series of major bank bailouts in Europe and the acquisition of Wachovia by Citigroup. developing story
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: September 29 2008 at 7:33am
well, The volume in trading is amazing this morning but I see nothing dire at this point.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote abcdefg Quote  Post ReplyReply Direct Link To This Post Posted: September 29 2008 at 10:04am
Oct 7 I believe is the end of Ramadan. I thought I had posted a list of chatter that was confiscated by homeland security. It is believed to be real, because of the individual Muslim who was giving the orders. In it, they claim a worse scenario then 9/11 and they order the Muslims in this country to take their children to training camps to keep them safe. I will try to locate that article and put it up again.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote roni3470 Quote  Post ReplyReply Direct Link To This Post Posted: September 30 2008 at 7:22am
Did you ever find that list of chatter?  I would like to see if if anyone has a post.  i have been hearing that the latest chatter has been held in higher regard because of the method it was sent etc.  But I have not seen anything else on it...like a media blackout, so i am interested in hearing more.....
NOW is the Season to Know

that Everything you Do

is Sacred
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BoJingles2 Quote  Post ReplyReply Direct Link To This Post Posted: September 30 2008 at 9:38am
Although right now would be a perfect time to strike and help destabize the world market, Ii just dont see a strike happening at this time. If they hit now before the election they its a sure bet that McCain will be the next president and thats something they do not want. Its more likely they will wait untill after the election.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: September 30 2008 at 12:41pm

the reason they have not bothered us a lot?

If they push too hard...we give them "daisies"

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Post Options Post Options   Thanks (0) Thanks(0)   Quote roni3470 Quote  Post ReplyReply Direct Link To This Post Posted: September 30 2008 at 2:49pm
with that said, if there were an attack do you believe it would have come from them or be orchestrated by our own govt in order to get mccain elected.  Just curious, not that I believe anything particular, just a thought!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: September 30 2008 at 3:07pm
Originally posted by roni3470 roni3470 wrote:

Did you ever find that list of chatter?  I would like to see if if anyone has a post.  i have been hearing that the latest chatter has been held in higher regard because of the method it was sent etc.  But I have not seen anything else on it...like a media blackout, so i am interested in hearing more.....
Originally posted by abcdefg abcdefg wrote:

     

Al-Qaida Threatens 'October Surprise' Attack


Monday, September 22, 2008 11:49 AM  By: Tim Collie   

After two major terrorist attacks in Pakistan and Yemen — along with a new U.S. push at insurgent strongholds along the Afghan border — U.S. intelligence is worried about a massive "October surprise" attack geared to sway the U.S. elections.

America's military and intelligence agencies intercepted a series of messages from al-Qaida's leadership last month that seemed designed to warn local cells to prepare for imminent attacks. One such operation may have been the attack that brought down a Marriott Hotel in Islamabad where the newly inaugurated president of Pakistan was scheduled to dine.

The attacks would likely be at American bases or allies abroad, since most experts think the group’s ability to penetrate the U.S. homeland has deteriorated since 9-11. Still, al-Qaida is aggressively recruiting both North African and European operatives who may have a greater ability to enter the United States and blend in before launching an attack, according to U.S. intelligence officials.

“We are not aware of any specific, credible al-Qaida plot to attack the U.S. homeland, but we do receive a steady stream of threat reporting from sources of varying creditability,” said Ted Gistaro, U.S. national intelligence officer (NIO) for transnational threats. “As the election nears, we expect to see an uptick in such threat reporting — of varying credibility — regarding possible attacks.“

Other intelligence experts agreed, adding that a pre-election attack would probably occur overseas.

“There is an expectation that al-Qaida will try to influence the November elections by attempting attacks globally," said Roger Cressey, a former Bush and Clinton White House counterterrorism official.

An official familiar with the new intelligence told the The New York Sun that the intercepted messages amounted to “Be on notice. We may call upon you soon.” It was sent out through many channels, ranging from couriers to encrypted electronic communications to other means. There were no specifics as to where or when.

Though some might scoff at the quadrennial worry of the October surprise in U.S. elections, al-Qaida has attacked other nations on the eve of major elections. On March 11, 2004, the group carried out a series of bombings on Madrid commuter trains. Three days later, the party aligned with the Bush administration’s policy in Iraq was defeated.

But al-Qaida’s ultimate goal is to launch another major attack on the U.S. homeland — preferably with nuclear or biological weapons. Whether that hurts the Republican or Democrats seems beside the point, according to one expert.

Last year, Osama bin Laden labeled the entire American system a failure, Gistaro told a panel at the Washington Institute for Near East Policy in August. He called on Americans to convert to Islam, and not cast a vote one way or the other in elections.

“He [bin Laden] claimed that there is no difference between Democratic or Republican candidates winning presidential or congressional elections so long as ‘big corporations’ support candidates,” Gistaro said.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: September 30 2008 at 3:15pm
Originally posted by Kilt2 Kilt2 wrote:

Its been a black September for world markets and I fear its just a warm up for October.
 
It's usually October when stock markets Crash.
 
This global slump began when Wall Street hit its peak of 14,168 on 9th October 2007. Since then its been falling and falling and falling.
 
Now they are waking up to the fact that the Emperor has no clothes.
 
The Countdown for October begins NOW


I didn't want to dilute your thread, so I made comments on the truly ludicrous bailout package elsewhere.  No doubt we are nearing something historical as the day of reckoning has been pushed further and further into the future.  In the words of the old rock song
"you ain't seen nothing yet."

MC
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: September 30 2008 at 3:22pm
Originally posted by Annie Annie wrote:

[QUOTE=roni3470]Did you ever find that list of chatter?  I would like to see if if anyone has a post.  i have been hearing that the latest chatter has been held in higher regard because of the method it was sent etc.  But I have not seen anything else on it...like a media blackout, so i am interested in hearing more.....


When things are shaky at home bring out the boogey man. This usually takes the form of an impending terrorist attack.  On another thread have written volumes on the if you can't solve an American economic crisis, go to war. This has been the methodology for the last century. Nothing is more terrifying than putting the evil monsters aside and demanding accounting and the balancing of books and dealing with the horrific trade deficits and the Machiavellian complex problems right here in America. Anyway possible for more smoke and mirrors and paper tigers, when we have a lion in the village and he is eating people's life savings alive.

Reality : We are not aware of any specific, credible al-Qaida plot to attack the U.S. homeland,

MC
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Post Options Post Options   Thanks (0) Thanks(0)   Quote apomales Quote  Post ReplyReply Direct Link To This Post Posted: September 30 2008 at 7:01pm
When I first heard about this I thought it was B.S. I can't believe this is happening because it sounds like crazy conspiracy theory. The
Michael Herzog show youtube clip discusses the secret closed door congressional meeting of March 2008, 1.US economic collapse in late 2008, 2.imminent collapse of government finances in mid 2009, 3.possibility of civil war as a result of the collapse,4.advance roundups of insurgent US citizens, 5.detention of those rounded up at REX-84 camps,6 possiblity of retaliation against members of congress for collapse, 7.location of safe facilities for members of congress during this massive civil unrest 8. necessary merger with Mexico & Canada to establish North American Union
http://www.youtube.com/watch?v=BiFlouOozpk
The following video is on the N. American Union Security and Prosperity Partnership
http://www.youtube.com/watch?v=Cy7xfb22Y0I&feature=related
This last video sounds like a conspiracy type video, an invterview with Marco Saba, a researcher at the Italian Center for Monetary Studies and author of a critical book about banking titled "Bankenstein" (2006) ...
http://www.youtube.com/watch?v=BcuxA5gCR9k&feature=related
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: September 30 2008 at 7:11pm
let's pretend that someone does want a North American Union.  What is the reason for the US wanting to align with Mexico?  I have to know what Mexico is bringing to the table.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LaRo Quote  Post ReplyReply Direct Link To This Post Posted: September 30 2008 at 9:42pm
mexico will supply cheep labot to rebuild

r we there yet?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 01 2008 at 5:33am
Their manpower would be very welcome. 
But I'm thinking about what happened with the European Union.  One thing  countries agreed to, the base of their union was for many countries to share the same currency value.   The Euro.  Countries that wanted to boost their economies found it favorable to use the Euro. 

If Mexico became a part of a North American Union they would want to sign on to a new currency for the same boost.  I'm afraid the days of very cheap labor would end in that case.  Like the days of affording a summer house on the cheap in France are now gone, under the Euro.
...................................................................................................................


    
Blue area is the Euro-zone


http://en.wikipedia.org/wiki/Euro#History_.281990.E2.80.93present.29


The euro is the sole currency in Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovenia and Spain. These 15 countries together are frequently referred to as the Eurozone or the euro area, and, more informally, "euroland" or the "eurogroup".

Outside of the area covered by the map, the euro is the legal currency of the French overseas possessions of French Guiana, Réunion, Saint-Pierre et Miquelon, Guadeloupe, Martinique, Saint-Barthélemy, Saint Martin, Mayotte, and the uninhabited Clipperton Island and the French Southern and Antarctic Lands; the Portuguese autonomous regions of the Azores and Madeira; and the Spanish Canary Islands.

By virtue of some bilateral agreements,[24] the European microstates of Monaco, San Marino, and Vatican City mint their own euro coins on behalf of the European Central Bank. They are, however, severely limited in the total value of coins they may issue.
Andorra, Montenegro, Kosovo, and Akrotiri and Dhekelia adopted the foreign euro as their legal currency for movement of capital and payments without participation in the ESCB or the right to mint coins. Andorra is in the process of entering a monetary agreement similar to that of the microstates above.

Several possessions and former colonies of EU states have currencies pegged to the euro. These are French Polynesia, New Caledonia, Wallis and Futuna (the CFP franc); Cape Verde; the Comoros; and fourteen nations of Central and West Africa (the CFA franc). See Currencies related to the euro.

Although not legal tender in Denmark and the United Kingdom, the euro is accepted in some stores throughout both countries, particularly international stores in large cities, and shops in Northern Ireland near the border with the Republic of Ireland, where the euro is the official currency. Similarly, the euro is widely accepted in Switzerland, even by official boards, such as the Swiss Railways.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote apomales Quote  Post ReplyReply Direct Link To This Post Posted: October 01 2008 at 7:21am
Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its "Duncan Initiative" received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.
http://video.google.com/videoplay?docid=-9050474362583451279
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 01 2008 at 8:35am
hi...I'm checking it out... I went here and it came up faster.


http://video.google.com/videosearch?q=money+as+debt&emb=0#
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 01 2008 at 11:22am
apomales View%20Drop%20Down... I watched it.  excellent, amazing.

Money = Debt  

Banks cannot exist without our debt/promise to pay

Banks make money out of thin air and charge slavery interest.

CUTTING OUT THE BANKS...

what I heard from the Movie....

The Government could operate primarily on taxes as it does now.

the tax dollars would go much farther because our tax dollars would NOT  be

 used to pay off interest debt to private Bankers.


There would be no national debt 
if the Federal Government

simply created  the money it needed.

Our perpetual collective servitude... to the Banks... through interest payments

on Government Debt would then be ...impossible.
.................................................................................................

Now I'm going to look up why that twit Woodrow Wilson felt so very guilty for
aligning this country with a banking system controlled by  CREDIT/DEBT
a system of money lending which functions and profits off human misery.




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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 01 2008 at 12:05pm

(still looking up Woodrow Wilson...)
........................................................

 

The Bank of Canada
Banque du Canada

is Canada's central bank. It was created by the Bank of Canada Act of 1934, to "promote the economic and financial well-being of Canada." It is the sole issuer of banknotes in Canada[1], and the central bank for the Canadian dollar.

The bank's headquarters are located in the Bank of Canada Building at the corner of Wellington and Bank Streets in downtown Ottawa.

For many years, Canada did not have a central bank. Each of the nation's large banks issued its own currency and there was little government regulation of the nation's money supply.

The government also claimed it was constrained by its inability to deal directly with its foreign debts.

Prime Minister R.B. Bennett called a Royal Commission in 1933 and it reported in favour of a central bank. The bank began operations on March 11, 1935, after the passage of the Bank of Canada Act.

In 1938, under Prime Minister William Lyon Mackenzie King, it became a Crown corporation[2], fully owned by the government with the governor appointed by Cabinet. The responsibility for creating small bills was transferred from the finance department and the private banks were ordered to remove their currency from circulation by 1949.


The monetary policy of the bank was geared towards low interest rates and full employment with little concern about inflation. When inflation began to rise in the early 1960s, the governor James Coyne ordered a reduction in the money supply. Prime Minister John Diefenbaker disagreed with this move, and ordered a return to the full-employment policies.

This caused a brief crisis because the bank was supposed to be an arm's length organization not under political control. Coyne resigned, and was replaced by Louis Rasminsky. The bank gradually moved to a more anti-inflation policy, and since the 1980s, keeping inflation low has been its main priority.


http://en.wikipedia.org/wiki/Bank_of_Canada

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